HSBC (NYSE:HSBC) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

HSBC (NYSE:HSBC - Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.04, Zacks reports. The business had revenue of $11.56 billion for the quarter, compared to analysts' expectations of $13.79 billion. HSBC had a return on equity of 12.14% and a net margin of 16.17%.

HSBC Stock Up 0.2 %

Shares of NYSE HSBC traded up $0.10 during mid-day trading on Friday, hitting $56.07. 2,526,624 shares of the stock traded hands, compared to its average volume of 1,523,666. HSBC has a 52 week low of $36.93 and a 52 week high of $57.08. The company has a market cap of $200.81 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average price of $51.11 and a 200-day moving average price of $46.98.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.84%. HSBC's payout ratio is 31.94%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.